May 15, 2018 3.37 pm This story is over 40 months old

Lincoln third cheapest city for graduates

Not bad!

Lincoln is the cheapest university city to live in for graduates after Liverpool and Stoke-on-Trent, according to new research.

New figures analysed by Propillo found that Lincoln is the one of the most affordable university cities to live in, with the average rental price at £540 per month.

Taking the average cost of rental accommodation and cost of living into account, Lincoln leaves graduates with around £162.93 of disposable income each month.

The top five most affordable university cities for graduates to live in England are:

Newcastle and Nottingham just missed out on the top five, coming in seventh and eighth place with monthly savings of £83.93 and £70.60 respectively.

The least affordable location for first year graduates to live is in London. A graduate living by themselves on an average salary of £18,244 would be running a deficit of £3,391.40 per month – a total of £40,696.80 worth of debt each year.

The top five most expensive areas for graduates to live are:

A version of this story was first published on CityX, covering business and lifestyle across the region.

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